Rwanda’s Inflation Increases to 6.4 Percent

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Headline inflation increased from 4.5 percent from 4.9 percent in second quarter before surging to 6.4 percent in third quarter on average, as a result of the hike in food inflation that rose from 7, 0 percent to 12.3 percent.

Pressures on food prices mainly came from the rise in vegetable inflation from 14.2 percent in 2016Q2 to 24.5 percent in 2016Q3 following the effect of a prolonged dry season.

However, the rate of inflation unexpectedly dropped from 7.4 percent in October to 6.4 percent in November 2016 as food inflation eased and is expected to continue declining in coming quarter as season 2016/2017 harvest period sets in.

In addition, food inflation stood at 8.2% in 2016Q1 and 7.0% in 2016Q2 compared to 0.5% in 2015Q1 and 3.1% in 2015Q2.

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